Welcome to our dedicated page for South Plains Financial news (Ticker: SPFI), a resource for investors and traders seeking the latest updates and insights on South Plains Financial stock.
South Plains Financial, Inc. reports recurring bank holding company developments for City Bank, its Texas state-chartered banking subsidiary. News from SPFI centers on quarterly operating results, balance-sheet discipline, credit quality, loan growth, cash dividends, and management commentary on community-bank activity in Texas and nearby markets.
The company provides commercial and consumer financial services to small and medium-sized businesses and individuals, including commercial and retail banking, investment, trust, and mortgage services. Coverage also includes completed bank acquisitions, market expansion, community impact reporting, and recognition tied to banking performance and franchise metrics.
South Plains Financial (NASDAQ:SPFI) reported first quarter 2026 results: net income $14.5M, diluted EPS $0.85, and tax-equivalent NIM 4.04% for the quarter ended March 31, 2026. Deposits totaled $4.03B and loans held for investment were $3.10B.
The company completed the BOH/Bank of Houston merger effective April 1, 2026, bringing BOH assets of $685.0M, loans of $631.9M, and deposits of $595.6M. Capital ratios remained strong with CET1 at 14.80%.
South Plains Financial (NASDAQ:SPFI) declared a quarterly cash dividend of $0.17 per share. The dividend is payable on May 11, 2026 to shareholders of record at the close of business on April 27, 2026. This provides a scheduled cash return to common shareholders.
South Plains Financial (NASDAQ:SPFI) will release first quarter 2026 financial results after market close on April 28, 2026 and will host a conference call and webcast at 5:00 p.m. ET the same day to discuss results.
Live audio and a replay (pin 13759880) will be available via the company website; the replay is accessible until May 12, 2026.
South Plains Financial (NASDAQ:SPFI) completed its merger with BOH Holdings and the merger of BOH’s Bank of Houston into City Bank, effective April 1, 2026. The deal folds BOH’s banking operations into South Plains’ City Bank platform.
As of December 31, 2025, BOH reported $744 million total assets, $624 million total loans, and $603 million total deposits. Raymond James and Hillworth Bank Partners provided financial advice and fairness opinions; Hunton Andrews Kurth and Fenimore Kay Harrison served as legal advisors.
South Plains Financial (NASDAQ:SPFI) and BOH Holdings announced that all required regulatory and shareholder approvals for their proposed merger have been received.
BOH shareholders approved the merger on March 20, 2026. The Federal Reserve, FDIC and Texas Department of Banking issued approvals or non‑objections. The transaction is expected to close on April 1, 2026, subject to customary closing conditions.
South Plains Financial (NASDAQ:SPFI) released its 2025 Community Impact Report on March 9, 2026, detailing community lending, philanthropy, volunteerism, and education efforts.
Highlights include: $478 million+ in loans for small businesses, farms and community development; $180,000 awarded annually to nonprofits; 4,119 employee volunteer hours; and educational outreach via EverFi.
South Plains Financial (NASDAQ:SPFI) approved a stock repurchase program authorizing up to $10.0 million of common stock repurchases through Feb 23, 2027. Repurchases may occur via open-market purchases, privately negotiated transactions, or a Rule 10b5-1 trading plan.
The program is discretionary, may be suspended or terminated at any time, and does not obligate the company to repurchase any specific number of shares.
South Plains Financial (NASDAQ:SPFI) announced that its subsidiary City Bank ranked 7th on Forbes' 17th annual list of America’s Best Banks and was named the top bank in Texas. Forbes evaluated the top 200 publicly traded banks using 11 equally weighted metrics through Sept 30, 2025.
The designation recognizes credit quality, profitability, and stock performance across the last twelve months and highlights City Bank's regional standing and employee contributions.
South Plains Financial (NASDAQ:SPFI) reported fourth-quarter and full-year 2025 results on January 26, 2026. Q4 net income was $15.3M and diluted EPS was $0.90. Full year 2025 net income was $58.5M and diluted EPS was $3.44, a 17.8% EPS increase versus 2024. Net interest margin (tax-equivalent) was 4.00% in Q4 and expanded 33 bps year-over-year for 2025. Total assets were $4.48B and deposits were $3.87B at year-end. Tangible book value per share rose to $29.05 (+14% YoY). The company entered a definitive agreement on December 1, 2025 to acquire BOH Holdings and Bank of Houston (BOH had ~$772M assets at 9/30/25). A conference call was scheduled for January 26, 2026 at 5:00 p.m. ET.
South Plains Financial (NASDAQ:SPFI) said its Board declared a quarterly cash dividend of $0.17 per share, a 6% increase from the prior quarterly dividend declared in November 2025. The dividend is payable on February 17, 2026 to shareholders of record at the close of business on February 2, 2026.
This action increases near-term cash returns to shareholders and sets the announced payment and record dates for investors.